Analysts expect UTStarcom Holdings (NASDAQ: UTSI) to report a Q2 loss at $0.07 per share on revenue of $31.41 million. UTStarcom shares rose 1.42% to close at $2.85 yesterday.

Coca-Cola Company (NYSE: KO) and Monster Beverage (NASDAQ: MNST) announced a long-term strategic partnership. As part of the deal, Coca-Cola will buy a 16.7% equity stake in Monster. Monster Beverage shares jumped 22.23% to $87.65 in the after-hours trading session, while Coca-Cola shares rose 1.44% to $40.76 in after-hours trading.